The Group of 20 Finance Ministers and Central Bank Governors (G-20) was established in 1999 to bring together systemically important industrialized and developing countries to discuss key issues related to the global economy.
Until now, it has maintained a low profile. It gained prominence at the summit held in Washington in 2008, when the major industrialized countries decided to use this format to address the financial and economic crisis that erupted in the summer of 2007.
